Apr 29
Design and Build Contracts in Construction Everything You Need to Know Design and build contracts are one of the most common types of construction contracts used in the industry. They are a popular choice because they offer a single point of responsibility for both design and construction, which can help to streamline the process and …
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Apr 20
Management Contracting vs Construction Management Understanding the Differences for Successful Project Delivery As the construction industry continues to grow, it’s essential to understand the differences between Management Contracting and Construction Management. Both methods have distinct advantages and disadvantages that can impact project delivery. In this article, we’ll provide a comprehensive guide to help you choose …
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Apr 09
Lump Sum Contract VS FIDIC 99 Contract Lump Sum Lump Sum Typically used with Design-Bid-Build method of project procurement. a. A lump sum contract, sometimes called stipulated sum, is the most basic form of agreement between a supplier of services and a customer. The supplier agrees to provide specified services for a specific price. The …
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